S Based on the following financial information, answer the following questions as they relate to the...

Transcribed Image Text:

S Based on the following financial information, answer the following questions as they relate to the Statement of Cash Flows (using the Indirect Method for the Operating Activities Section): Net Income 75,000 Depreciation 500 Expense Accounts Receivable-750 Increase Inventory- 200 endance uations Increase Accounts Payable- 1,000 Decrease Income Taxes 650 Payable- Increase Cash Received 20,000 from Sale of Equipment Cash Dividends 3,000 Paid Cash Paid to Purchase 85,000 Building Cash Received 1,000,000 from Issuing Bonds S Based on the following financial information, answer the following questions as they relate to the Statement of Cash Flows (using the Indirect Method for the Operating Activities Section): Net Income 75,000 Depreciation 500 Expense Accounts Receivable-750 Increase Inventory- 200 endance uations Increase Accounts Payable- 1,000 Decrease Income Taxes 650 Payable- Increase Cash Received 20,000 from Sale of Equipment Cash Dividends 3,000 Paid Cash Paid to Purchase 85,000 Building Cash Received 1,000,000 from Issuing Bonds